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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Comment by Margin321on Dec 20, 2022 11:30am
352 Views
Post# 35182223

RE:RE:RE:RE:RE:IS THIS HOW CVE PLANS TO REDUCE CONDY COSTS?

RE:RE:RE:RE:RE:IS THIS HOW CVE PLANS TO REDUCE CONDY COSTS? Condensate is so expensive only because it is needed to ship oil sands output by pipeline. It has great price in western canada and is imported from US to capture that premium. So if they reduce their need for condensate by reusing the amount needed just move bitumen it to the rail loading site, won't that change the demand/supply equation and pootentially lower the price. Or is the amount the re-use so trivial to the overall condensate need for long haul pipeline shipping of the blended bitumen that it will not impact pricing.  Anyway that fancy plant to pull out the condensate would not be adding much value if condensate was cheap. I sure they have doen lots of modelling which is why they haven't pulled the trigger on this plan despite considering it for years. But must admit it has quite a return at current pricing. And must admit there is a longer runway for oil sands production than one might have thought a few years back.
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